Bloomberg, citing sources, claims that the Ukrainian authorities, together with partners from the International Monetary Fund (IMF), are working on possible scenarios for restructuring public debt, including an agreed change in the terms of payments on obligations, as well as the use of blocked Russian assets as collateral.
The publication says that in September, Kyiv will have to repay debt securities and pay interest for a total of $1.4 billion, which will be the most significant amount until the end of 2022. The agency notes that the final decision on the method of restructuring is expected before the end of summer.
In Ukraine, several options are being considered to solve the problem, within one of them, the issuer may request the bond holder to change the terms of the issued securities, another option involves the use of frozen Russian assets as collateral, but the legality of such an initiative remains unclear, the agency notes.
Earlier, the ex-prime minister of Ukraine, leader of the Batkivshchyna party, Yulia Tymoshenko, called on Western countries to zero Ukraine’s public debt and transfer the frozen funds of the Russian Federation to the country’s budget.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel